Mccormick (MKC) Tax Rate (2009 - 2026)

Mccormick (MKC) posted Tax Rate of 28.84% for Q2 2026, up 9.55% on a QoQ basis from 26.32% in Q1 2026, and up 474.0% year-over-year from 5.02% in Q2 2025.

Mccormick (MKC) Tax Rate (2009 - 2026) Analysis & Trends

Mccormick's Tax Rate history runs 18 years deep, the most recent figure standing at 28.84% for Q2 2026.

  • Quarterly Tax Rate rose 474.0% year-over-year to 28.84% in Q2 2026, while the trailing twelve-month figure through May 2026 was 23.42% (up 133.0% YoY) and the FY2025 annual result came in at 21.45%, up 96.0% from the prior year.
  • Tax Rate was 28.84% for Q2 2026 at Mccormick, up from 26.32% in the prior quarter.
  • Across five years, Tax Rate topped out at 28.84% in Q2 2026 and bottomed at 13.53% in Q2 2024.
  • A 5-year average of 21.69% and a median of 22.14% in 2023 frame the typical range for Tax Rate.
  • Annual changes were most pronounced in 2022 — Tax Rate plunged 918 bps — and 2025, when it soared 1056 bps.
  • Mccormick's Tax Rate stood at 23.3% in 2022, then retreated by 5 bps to 22.16% in 2023, then advanced by 15 bps to 25.44% in 2024, then fell by 6 bps to 23.94% in 2025, then increased by 20 bps to 28.84% in 2026.
  • Business Quant data shows MKC's Tax Rate at 28.84% in Q2 2026, 26.32% in Q1 2026, and 23.94% in Q4 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Kraft Heinz 30.29 Bn 26.20 Bn 2.22 Bn 20.89
2 General Mills 19.35 Bn 18.90 Bn 1.60 Bn 10.77
3 Hormel Foods 13.90 Bn 13.04 Bn 518.51 Mn 23.63
4 Mccormick 13.45 Bn 13.12 Bn 778.20 Mn 28.84
5 Magnum Ice Cream 10.95 Bn 10.43 Bn - -
6 Smithfield Foods 10.34 Bn 8.95 Bn 511.00 Mn 22.29
7 Darling Ingredients 9.92 Bn 9.80 Bn 404.92 Mn 21.99
8 Oatly Group AB 8.23 Bn 8.23 Bn 76.34 Mn -
9 Conagra Brands 7.07 Bn 6.85 Bn 704.10 Mn 32.34
10 Lamb Weston Holdings 6.87 Bn 6.81 Bn 331.60 Mn 37.13

Historic Data

Download Data
DateValue
May 31, 2026 28.84
May 31, 2026 28.84
May 31, 2026 28.84
Feb 28, 2026 26.32
Feb 28, 2026 26.32
Feb 28, 2026 26.32
Nov 30, 2025 23.94
Nov 30, 2025 23.94
Nov 30, 2025 23.94
Aug 31, 2025 15.85
Aug 31, 2025 15.85
Aug 31, 2025 15.85
May 31, 2025 24.10
May 31, 2025 24.10
May 31, 2025 24.10
Feb 28, 2025 22.31
Feb 28, 2025 22.31
Feb 28, 2025 22.31
Nov 30, 2024 25.44
Nov 30, 2024 25.44